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SUPERDRUG is taking on the high street. The budget health and beauty store will launch True Spirit, a jewellery and accessories line, as part of a £75 million UK expansion later this year. The news comes after its major rival, Boots, announced that it was planning to bring in fashion retailers to take up excess space at some of its biggest stores, putting it in line to compete with the likes of H&M and TopShop. Superdrug, which currently has 700 stores across the country, is owned by Hong Kong-based company AS Watson, who said in May that he saw the chain growing to a total of 1,000 outlets by 2009. "This launch marks a major strategic move in the growth and positioning of the Superdrug brand," the group announced this week. (July 14 2005, AM)